Volkswagen Phaeton Car Loan EMI Calculator

₹ 1,54,776.
Here is how - Volkswagen Phaeton price starts from ₹ 90,82,014 in Chennai. If you pay a down payment of ₹ 14,48,681 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 1,54,776.

The cheapest Phaeton model is 3.6L which is priced at ₹ 90,82,014 in Chennai. You will need to pay at least a ₹ 14,48,681 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for Phaeton.

Version	On-road price in Chennai	Max Loan
3.6L	₹ 90,82,014	₹ 76,33,333

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for Phaeton 3.6L will be ₹ 1,41,554 but you will have to pay interest of ₹ 42,57,203 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 2,84,597, but your interest payment will be only ₹ 26,12,159 over the 3 years period.

₹ 1,54,776
Volkswagen Phaeton price starts from ₹ 90,82,014 in Chennai.

We have considered
Down-payement : ₹ 14,48,681
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Phaeton with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 30,28,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of Phaeton starts from ₹ 90.82 Lakh, you can get a loan with an annual income as low as ₹ 30.28 lakh.

Here are the most important things you should consider while getting a car loan for a new Phaeton

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.